By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Compugen today reported that its first-quarter 2010 net loss swelled 18 percent, as the firm's expenses for R&D, sales, and other purposes rose but its revenues continued to be insignificant.

The Tel Aviv, Israel-based firm, which uses an in silico prediction and selection platform for discovering drug and diagnostic candidates, had revenues of $125,000 for the three-month period ended Mar. 31, compared to no revenue for last year's first quarter.

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